Question
On april 30, 1990, Jack purchased a $1,000 10% par-value seven-year bond having semiannual coupons; these were payable at the end of each October as
On april 30, 1990, Jack purchased a $1,000 10% par-value seven-year bond having semiannual coupons; these were payable at the end of each October as well as on the anniversaries of the purchase. Jack paid $1,120. On July 18, 1993, he wished to know the dirty and clean values of this bond, figured using the theoretical method and again by the practical method. Calculate them all for her, using the "actual/actual" method for figuring day counts. *** I just need to know how to do one of these, as I can easily compute the rest knowing how to find the clean or dirty value from either method *** *** The answers are: Dirty Theoretical = $1,093.95 Clean Theoretical = $1,072.72 Dirty Practical = $1,094.14 Clean Practical = $1,072.68 I just need help finding the steps to solve this ***
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